Planning to pursue MBA/PGDM in Maharashtra? With 88 MBA/PGDM colleges offering MBA, MBA in Retail Management, MBA in Aviation Management, and M.H.R.D. in Human Resource Management, choosing the right college depends on key factors such as rankings, fees, placements, and entrance exams accepted.
Maharashtra's MBA/PGDM landscape includes top government institutes like JBIMS Mumbai and JDBIMS, along with leading private universities such as SP Jain (SPJIMR), SSBF Pune, and SIES College of Management Studies. Admissions are conducted through exams like CAT, XAT, NMAT, depending on the course and institution.
This page provides a complete list of MBA/PGDM colleges in Maharashtra 2026, helping you compare colleges based on fees, placements, courses, and admission criteria to shortlist the best options.
Overview of MBA/PGDM Colleges in Maharashtra
Maharashtra has a diverse mix of mba/pgdm colleges across government, private, and deemed categories, offering programs in core and emerging fields. These colleges vary in terms of fee structure, admission process, and placement outcomes, making comparison essential for informed decision-making.
Admissions to most top colleges are based on national-level exams like CAT, XAT, NMAT, while state and private colleges accept CETs and institute-level entrance exams.
Key Highlights
| Particulars | Data |
| Total MBA/PGDM Colleges in Maharashtra | 88 |
| Government Colleges | 17 |
| Private Colleges | 60 |
| Popular Courses | Master of Business Administration (MBA), bachelor-of-business-administration-bba, Master of Management Studies (MMS), Post Graduate Diploma in Management (PGDM) |
| Top Exams Accepted | CAT, XAT, NMAT, GMAT |
| Average Fees | ₹16 K - ₹30 L |
| Average Placement (sample) | ₹3.2 L - ₹26.1 L |
| Top Recruiters | HDFC Bank, Deloitte, Infosys, Wipro |
Top MBA/PGDM Colleges in Maharashtra 2026 (Rankings)
MBA/PGDM college rankings are based on parameters such as academic reputation, faculty quality, research output, placements, and infrastructure. Rankings from sources like NIRF, India Today, and The Week are widely used by students to shortlist top colleges.
Top MBA/PGDM Colleges in Maharashtra (NIRF Rankings)
The National Institutional Ranking Framework (NIRF) is the most credible ranking system in India, based on parameters like teaching, learning resources, graduation outcomes, and research.
| College | 2025 | 2024 |
| SP Jain (SPJIMR) | #20 | #20 |
SP Jain (SPJIMR) are among the leading names in these rankings, typically combining strong academics, placements, and research or professional outcomes.
Government vs Private MBA/PGDM Colleges in Maharashtra
MBA/PGDM colleges in Maharashtra are broadly divided into government and private institutions, with key differences in fees, placements, admission process, and ROI. Government colleges are generally more competitive with lower fees, while private colleges offer higher seat availability and modern infrastructure.
Top Government MBA/PGDM Colleges
Government institutes such as JBIMS Mumbai and JDBIMS are known for high ROI, strong placements, and national-level competition.
| College | Fees | Median Salary | Total Courses | Popular Course |
| JBIMS Mumbai | ₹63.1 K - ₹7 L | ₹26.1 L | 13 | MMS in Finance Management |
| JDBIMS | ₹1.7 L | ₹3.5 L | 13 | MBA in Retail Management |
Top Private MBA/PGDM Colleges
Top private colleges offer higher seat intake, industry-focused curriculum, and strong infrastructure.
| College | Fees | Median Salary | Total Courses | Popular Course | Latest Ranking |
| SP Jain (SPJIMR) | ₹5 L | — | 23 | Post Graduate Diploma in Management (PGDM) | #20 NIRF 2025 |
| ISMS Pune | ₹7.8 L - ₹23 L | — | 13 | PGP MBA (Triple Certification) | — |
| Balaji Institute of International Business | ₹14.5 L | ₹8.5 L | 5 | MBA in Marketing Management | — |
| SFIMAR | ₹1.5 L | — | 4 | Master of Marketing Management (MMM) | — |
| NAEMD Mumbai | ₹3.4 L | — | 9 | MBA in Event Management & PR | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹5.5 L | 5 | Master of Marketing Management | — |
| MIMA Institute of Management | ₹7.7 L | ₹4.8 L | 3 | PGDM in Business Administration | — |
| IES MCRC | ₹11.1 L | ₹8.8 L | 9 | PGDM in Operations and Entrepreneurship | — |
| MMM's Institute of Management Education Research and Training | ₹2.6 L | — | 8 | Master of Business Administration (MBA) | — |
| IBSAR Navi Mumbai | ₹6.6 L | — | 16 | Master of Business Administration (MBA) | — |
Fee Comparison (Govt vs Private)
| Govt Colleges | Private Colleges | |
| MBA/PGDM | ₹63.1 K - ₹7 L | ₹40.7 K - ₹26 L |
Government colleges are significantly more affordable compared to private institutions.
Placement Comparison
| Govt Colleges | Private Colleges | |
| Highest Package | ₹87.1 L | ₹21.6 L |
| Average Package | ₹26.1 L | ₹8.8 L |
| Median Package | ₹26.1 L | ₹8.8 L |
Government colleges generally have stronger placement outcomes, especially in JBIMS Mumbai and JDBIMS.
ROI Analysis
ROI is a key factor for most candidates, calculated based on fees vs placement outcomes.
| College | Fees | Median Salary | Popular Course | ROI Insight |
| JBIMS Mumbai | ₹63.1 K - ₹7 L | ₹26.1 L | MMS in Finance Management | High ROI |
| SP Jain (SPJIMR) | ₹5 L | — | Post Graduate Diploma in Management (PGDM) | — |
| JDBIMS | ₹1.7 L | ₹3.5 L | MBA in Retail Management | High ROI |
| ISMS Pune | ₹7.8 L - ₹23 L | — | PGP MBA (Triple Certification) | — |
| Balaji Institute of International Business | ₹14.5 L | ₹8.5 L | MBA in Marketing Management | Moderate ROI |
| SFIMAR | ₹1.5 L | — | Master of Marketing Management (MMM) | — |
| NAEMD Mumbai | ₹3.4 L | — | MBA in Event Management & PR | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹5.5 L | Master of Marketing Management | High ROI |
| MIMA Institute of Management | ₹7.7 L | ₹4.8 L | PGDM in Business Administration | Moderate ROI |
| IES MCRC | ₹11.1 L | ₹8.8 L | PGDM in Operations and Entrepreneurship | Moderate ROI |
Government colleges offer higher ROI due to lower fees and strong placements, while private colleges provide better infrastructure, flexibility, and more seat availability.
From a decision-making perspective, candidates targeting top ranks and ROI should prioritise government colleges, while those looking for backup options and infrastructure can consider top private mba/pgdm institutes.
Govt and Private
| College | Fees | Median Salary | Popular Course | ROI |
| JBIMS Mumbai | ₹63.1 K - ₹7 L | ₹26.1 L | MMS in Finance Management | 684% |
| SP Jain (SPJIMR) | ₹5 L | — | Post Graduate Diploma in Management (PGDM) | — |
| JDBIMS | ₹1.7 L | ₹3.5 L | MBA in Retail Management | 206% |
| ISMS Pune | ₹7.8 L - ₹23 L | — | PGP MBA (Triple Certification) | — |
| Balaji Institute of International Business | ₹14.5 L | ₹8.5 L | MBA in Marketing Management | 59% |
| SFIMAR | ₹1.5 L | — | Master of Marketing Management (MMM) | — |
| NAEMD Mumbai | ₹3.4 L | — | MBA in Event Management & PR | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹5.5 L | Master of Marketing Management | 573% |
| MIMA Institute of Management | ₹7.7 L | ₹4.8 L | PGDM in Business Administration | 63% |
| IES MCRC | ₹11.1 L | ₹8.8 L | PGDM in Operations and Entrepreneurship | 79% |
Top MBA/PGDM Colleges in Maharashtra by Fees
Fees is a key parameter while shortlisting mba/pgdm colleges, as it directly impacts the overall cost of education and return on investment (ROI). In Maharashtra, mba/pgdm college fees vary significantly based on the type of institution—government colleges are more affordable, while private universities have higher fee structures due to infrastructure and facilities.
Low Fee MBA/PGDM Colleges (Below ₹1 L)
Low-fee mba/pgdm colleges are primarily state government institutions and central universities, offering MBA programs at subsidised costs. Admissions are usually based on state-level entrance exams together with CAT, XAT, and NMAT (where applicable).
| College Type | Fees | Popular Course | Total Courses |
| Private | ₹42.8 K - ₹96.1 K | MBA | ~2 avg courses (3 colleges) |
| Private Institute | ₹40.7 K - ₹5.5 L | MBA | ~4 avg courses (1 colleges) |
| Public/Government | ₹63.1 K - ₹7 L | MBA | ~3 avg courses (1 colleges) |
These colleges are suitable for candidates looking for affordable mba/pgdm education with reasonable placement opportunities, especially in core sectors and government roles.
Mid-Range MBA/PGDM Colleges (₹1 L - ₹10 L)
Mid-range colleges include SP Jain (SPJIMR), ISMS Pune, and SFIMAR, offering a balance between fees, academic quality, and placement outcomes.
| College Type | Fees | Popular Course | Total Courses |
| Private | ₹1.2 L - ₹23 L | MBA | ~2 avg courses (17 colleges) |
| Private Institute | ₹5 L - ₹6.8 L | MBA | ~1 avg courses (2 colleges) |
| Public/Government | ₹1.7 L | MBA | ~1 avg courses (1 colleges) |
These institutes provide strong ROI, with moderate fees and competitive placement packages, making them a preferred choice for many aspirants.
High Fee MBA/PGDM Colleges (Above ₹10 L)
High-fee mba/pgdm colleges are mainly private universities, offering modern infrastructure, higher seat intake, and flexible admission options through institute-level exams.
| College | Fees | Popular Course | Total Courses |
| Balaji Institute of International Business | ₹14.5 L | MBA in Marketing Management | 1 |
| IES MCRC | ₹11.1 L | MBA | 1 |
| Pravin Dalal School | ₹22.9 L | MBA | 1 |
| Vijay Patil School of Management | ₹19 L - ₹26 L | MBA | 1 |
These colleges are suitable for candidates seeking private mba/pgdm colleges with better infrastructure, diverse course offerings, and higher seat availability.
Best ROI MBA/PGDM Colleges in Maharashtra
Return on Investment (ROI) is a key factor while selecting mba/pgdm colleges, as it compares the total cost of education with placement outcomes. Colleges with lower fees and higher salary packages offer better long-term value.
ROI Comparison Across Top Colleges
| College | Average Fees | Average Salary |
| JBIMS Mumbai | ₹63.1 K - ₹7 L | ₹26.1 L |
| Atharva Institute of Management Studies | ₹96.1 K | ₹5.5 L |
| JDBIMS | ₹1.7 L | ₹3.5 L |
| IES MCRC | ₹11.1 L | ₹8.8 L |
| MIMA Institute of Management | ₹7.7 L | ₹4.8 L |
| Balaji Institute of International Business | ₹14.5 L | ₹8.5 L |
| SP Jain (SPJIMR) | ₹5 L | — |
| ISMS Pune | ₹7.8 L - ₹23 L | — |
| SFIMAR | ₹1.5 L | — |
| NAEMD Mumbai | ₹3.4 L | — |
Government institutes such as JBIMS Mumbai and JDBIMS consistently offer high ROI due to subsidised fees and strong placement records.
MBA/PGDM Colleges in Maharashtra with Best Placements
Placements are a critical parameter in evaluating mba/pgdm colleges, as they reflect career opportunities, industry exposure, and earning potential. Top colleges in India maintain strong placement records across technology, consulting, and core sectors.
Colleges with Highest Placement Packages
Top mba/pgdm institutes, especially JBIMS Mumbai, Balaji Institute of International Business, and MIMA Institute of Management, report some of the highest placement packages in India.
| College | Highest Package |
| JBIMS Mumbai | ₹87.1 L |
| Balaji Institute of International Business | ₹21.6 L |
| MIMA Institute of Management | ₹14 L |
| Atharva Institute of Management Studies | ₹12.5 L |
| JDBIMS | ₹6.5 L |
These offers are typically made by international recruiters and top product-based companies.
Colleges with Best Average Salary
Average salary provides a more realistic view of placement outcomes across the student cohort.
| College | Average Salary |
| JBIMS Mumbai | ₹26.1 L |
| IES MCRC | ₹8.8 L |
| Balaji Institute of International Business | ₹8.5 L |
| Atharva Institute of Management Studies | ₹5.5 L |
| MIMA Institute of Management | ₹4.8 L |
| JDBIMS | ₹3.5 L |
Colleges with higher average salaries generally indicate strong industry connections, better training, and higher-quality recruiters.
Top Recruiters Hiring MBA/PGDM Professionals
Leading companies regularly recruit from top mba/pgdm colleges in India across domains such as software, consulting, analytics, and core mba/pgdm:
- Accenture Strategy
- Aditya Birla Capital
- Amazon
- Asian Paints
- Axis Bank
Popular MBA/PGDM Courses in Maharashtra
MBA/PGDM colleges in Maharashtra offer a wide range of specialisations, with demand driven by placement trends, industry requirements, and long-term career growth. Among these, certain branches consistently attract higher enrolment due to better salary outcomes and job opportunities.
MBA in Marketing
- Average Salary (Top Colleges): ₹1.1 L - ₹21.6 L
- Top Recruiters: HDFC Bank, Axis Bank, Wipro, Deloitte
| Course | Duration | Fees | Colleges | Mode | Level |
| MBA in Marketing | 2 Years | ₹20 K - ₹21.5 L | 85+ | Full-time | UG/PG |
MBA in Human Resource Management
- Average Salary (Top Colleges): ₹1.1 L - ₹19 L
- Top Recruiters: HDFC Bank, Axis Bank, Infosys, ICICI Bank
| Course | Duration | Fees | Colleges | Mode | Level |
| MBA in Human Resource Management | 2 Years | ₹12 K - ₹25.3 L | 78+ | Full-time | UG/PG |
MBA in Business Analytics
- Average Salary (Top Colleges): ₹2.7 L - ₹34.1 L
- Top Recruiters: HDFC Bank, Axis Bank, Wipro, Infosys
| Course | Duration | Fees | Colleges | Mode | Level |
| MBA in Business Analytics | 2 Years | ₹4 K - ₹28.1 L | 75+ | Full-time | UG/PG |
MBA/PGDM Admission Process in Maharashtra 2026
Admission to mba/pgdm colleges in Maharashtra follows a structured process based on entrance exams, result evaluation, and centralised or institute-level counselling. Candidates can apply through national, state, or college-level exams, depending on their target institutions and courses.
National Level Entrance Exams
National-level exams are the primary gateway to top government mba/pgdm colleges such as SP Jain (SPJIMR), ISMS Pune, and Balaji Institute of International Business. These exams have high competition and wider acceptance across India.
Key National MBA/PGDM Exams
| Exam | Full Form | Conducting Body | Duration (Minutes) | Application Mode | Exam Mode | Level | Colleges Participating |
| CAT | Common Admission Test | Indian Institutes of Management (IIMs) | 120 | online | Online | PG | 20+ Colleges |
| XAT | Xavier Aptitude Test | Xavier Labour Relations Institute | 210 | Online | Online | PG | 20+ Colleges |
| NMAT | Narsee Monjee Management Aptitude Test | Narsee Monjee Institute of Management Studies | 120 | online | Online | PG | 4+ Colleges |
| CMAT | Common Management Admission Test | National Testing Agency (NTA) | 180 | Online | Online | PG | 20+ Colleges |
| ATMA | AIMS Test for Management Admissions | Association of Indian Management Schools | 180 | online | Online/Offline | PG | 18+ Colleges |
| SET Exam | Symbiosis Entrance Test | Symbiosis International (Deemed University) | 60 | online | computer-based test (CBT) mode | UG | 2+ Colleges |
These exams are widely accepted by top-ranked mba/pgdm colleges and require strong preparation due to their competitive nature.
State Level Entrance Exams
State-level entrance exams are conducted for admission to state government and private colleges within specific states, often with domicile-based reservations.
Key State MBA/PGDM Exams
| Exam | State | Conducting Body | Level | Mode | Colleges Participating |
| MAH MBA CET | Maharashtra | Directorate of Technical Education, Maharashtra | PG | Online | 24+ Colleges |
State exams generally have moderate competition and are ideal for candidates targeting regional colleges with lower cutoffs.
Counselling Process
After qualifying entrance exams, candidates must participate in counselling for seat allocation based on rank, preferences, and availability.
Counselling Overview
| Counselling Type | Conducting Authority | Colleges Covered | Basis |
| National Counselling | Indian Institutes of Management (IIMs) and Xavier Labour Relations Institute | All-India mba/pgdm colleges | National exam rank / score |
| State Counselling | Directorate of Technical Education, Maharashtra | Maharashtra colleges | State exam rank / score |
The counselling process includes choice filling, seat allotment, document verification, and final admission confirmation.
Entrance Exams for MBA/PGDM Colleges in Maharashtra
MBA/PGDM admissions in Maharashtra are conducted through a mix of national and state-level entrance exams, each varying in terms of acceptance, difficulty, and participating colleges. A structured comparison helps candidates choose the right exams based on their target colleges and preparation level.
National Level MBA/PGDM Entrance Exams (UG & PG)
| Exam | Level | Conducting Body | Mode | Duration | Colleges Accepting | Courses | Difficulty |
| CAT | PG | Indian Institutes of Management (IIMs) | Online | 120 mins | 20+ Colleges | Post Graduate Programme in Management | Very High |
| XAT | PG | Xavier Labour Relations Institute | Online | 210 mins | 20+ Colleges | MBA/PGDM | High |
| NMAT | PG | Narsee Monjee Institute of Management Studies | Online | 120 mins | 4+ Colleges | Master of Business Administration | Medium–High |
| CMAT | PG | National Testing Agency (NTA) | Online | 180 mins | 20+ Colleges | MBA/PGDM | Medium–High |
| ATMA | PG | Association of Indian Management Schools | Online/Offline | 180 mins | 18+ Colleges | MBA/PGDM | Medium–High |
| SET Exam | UG | Symbiosis International (Deemed University) | computer-based test (CBT) mode | 60 mins | 2+ Colleges | MBA/PGDM | Medium–High |
| SNAP | PG | Symbiosis International (Deemed) University (SIU) | Online | 60 mins | 1+ College | MBA/PGDM | Medium–High |
| NMIMS NPAT | UG | SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) | online | 120 mins | 2+ Colleges | MBA/PGDM | Medium–High |
These exams are the primary pathway to top government mba/pgdm colleges and postgraduate programs in Maharashtra.
State Level MBA/PGDM Entrance Exams
| Exam | State | Conducting Body | Mode | Duration | Colleges Accepting | Course | Difficulty |
| MAH MBA CET | Maharashtra | Directorate of Technical Education, Maharashtra | Online | 150 mins | 24+ Colleges | MBA/PGDM | Medium |
State-level exams provide access to government and private colleges within specific states, often with domicile-based advantages.
Upcoming MBA/PGDM Exams in Maharashtra
Staying updated with mba/pgdm entrance exam dates is essential for planning applications, preparation timelines, and revision strategy. In Maharashtra, most UG exams are scheduled across the upcoming cycle, while major PG exams like XAT are scheduled around January 2027.
Tracking upcoming exams helps candidates avoid missing deadlines, manage multiple exams, and align preparation effectively.
Upcoming MBA/PGDM Exams 2026
| Exam | Level | Exam Date | Status |
| XAT | PG | 03 Jan 2027 | Upcoming |
Month-wise MBA/PGDM Exam Timeline 2026
January 2027 Exams
| Date | Exam | Description |
| 03 Jan 2027 | XAT | XAT 2027 Exam Date |
From a planning perspective, candidates should track at least 3–4 upcoming exams and align their preparation schedule based on exam sequence, difficulty level, and application deadlines to maximise admission opportunities.
State-wise MBA/PGDM Colleges in India
India has 88 mba/pgdm colleges distributed across states like Maharashtra, with a mix of government and private institutions. Top government colleges include JBIMS Mumbai and JDBIMS, while leading private colleges include SP Jain (SPJIMR) and SSBF Pune.
State-wise distribution helps candidates shortlist colleges based on location preference, fees, and admission through state-level exams like MAH MBA CET.
MBA/PGDM Colleges in Maharashtra
| College | Fees | Median Salary | Total Courses | Ranking |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| ISBM Pune | ₹14.3 L | ₹11.4 L | 6 Courses | IndiaToday #88 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| SSBF Pune | ₹9.3 L - ₹12.5 L | ₹10.8 L | 3 Courses | BusinessToday #74 |
| NAEMD Mumbai | ₹1.8 L - ₹3.4 L | — | 9 Courses | — |
| Balaji Institute of International Business | ₹14.4 L - ₹14.5 L | ₹8.5 L | 5 Courses | BusinessToday #115 |
City-wise MBA/PGDM Colleges in India
Top cities like Mumbai, Pune, Kolhapur, Navi Mumbai, and Thane host a large number of mba/pgdm colleges, including both government and private institutions. Leading colleges include JBIMS Mumbai and JDBIMS, along with private institutes like SP Jain (SPJIMR), SSBF Pune, and SIES College of Management Studies.
City-wise selection helps candidates choose colleges based on placement opportunities, industry exposure, and proximity to tech hubs.
MBA/PGDM Colleges in Mumbai
| College | Fees | Median Salary | Total Courses | Ranking |
| IES MCRC | ₹5.5 L - ₹9.2 L | ₹7.3 L - ₹8.8 L | 9 Courses | BusinessToday #206 |
| Garware Institute of Career Education and Development | ₹2 L | — | 67 Courses | — |
| MMBGIMS | ₹5 L | — | 3 Courses | — |
| National Institute of Management, Mumbai | ₹40.7 K - ₹5.5 L | — | 26 Courses | — |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| Sinhgad Institute of Business Management | ₹2.7 L | — | 3 Courses | — |
| NMIMS Mumbai | ₹3.3 L - ₹28.1 L | — | 145 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| NAEMD Mumbai | ₹1.8 L - ₹3.4 L | — | 9 Courses | — |
MBA/PGDM Colleges in Pune
| College | Fees | Median Salary | Total Courses | Ranking |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| MMM's Institute of Management Education Research and Training | ₹2.2 L - ₹2.6 L | ₹3.5 L | 8 Courses | — |
| TMV | ₹1.9 L | ₹3.6 L | 45 Courses | — |
| ISBM Pune | ₹14.3 L | ₹11.4 L | 6 Courses | IndiaToday #88 |
| SSBF Pune | ₹9.3 L - ₹12.5 L | ₹10.8 L | 3 Courses | BusinessToday #74 |
| Balaji Institute of International Business | ₹14.4 L - ₹14.5 L | ₹8.5 L | 5 Courses | BusinessToday #115 |
MBA/PGDM Colleges in Kolhapur
| College | Fees | Median Salary | Total Courses | Ranking |
| Chhatrapati Shahu Institute of Business Education and Research | ₹1.9 L - ₹2.1 L | ₹3.5 L | 10 Courses | NIRF #201 |
| Sanjay Ghodawat University | ₹6 L | ₹4.3 L | 55 Courses | — |
MBA/PGDM Colleges in Navi Mumbai
| College | Fees | Total Courses | Ranking |
| Vijay Patil School of Management | ₹26 L | 15 Courses | — |
| IBSAR Navi Mumbai | ₹6.6 L | 16 Courses | BusinessToday #148 |
MBA/PGDM Colleges in Thane
| College | Fees | Total Courses |
| Institute of Management and Computer Studies | ₹1.6 L | 16 Courses |
Top MBA/PGDM Colleges Accepting Different Exams
Top mba/pgdm colleges in India accept scores from exams like XAT, MAH MBA CET, CAT, ATMA, and CMAT, depending on the course and college type. Government institutes such as JBIMS Mumbai and JDBIMS accept national and state-level exam scores, while private colleges like SP Jain (SPJIMR), SSBF Pune, and SIES College of Management Studies may conduct their own entrance exams.
Understanding exam-wise college acceptance helps candidates shortlist colleges based on their exam performance and admission pathway.
Colleges Accepting XAT
| College | Fees | Median Salary | Total Courses | Ranking |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| ISBM Pune | ₹14.3 L | ₹11.4 L | 6 Courses | IndiaToday #88 |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| Balaji Institute of International Business | ₹14.4 L - ₹14.5 L | ₹8.5 L | 5 Courses | BusinessToday #115 |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| MMM's Institute of Management Education Research and Training | ₹2.2 L - ₹2.6 L | ₹3.5 L | 8 Courses | — |
| IBSAR Navi Mumbai | ₹6.6 L | — | 16 Courses | BusinessToday #148 |
Colleges Accepting MAH MBA CET
| College | Fees | Median Salary | Total Courses | Ranking |
| SSBF Pune | ₹9.3 L - ₹12.5 L | ₹10.8 L | 3 Courses | BusinessToday #74 |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| Balaji Institute of International Business | ₹14.4 L - ₹14.5 L | ₹8.5 L | 5 Courses | BusinessToday #115 |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| NAEMD Mumbai | ₹1.8 L - ₹3.4 L | — | 9 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| MMM's Institute of Management Education Research and Training | ₹2.2 L - ₹2.6 L | ₹3.5 L | 8 Courses | — |
| Chhatrapati Shahu Institute of Business Education and Research | ₹1.9 L - ₹2.1 L | ₹3.5 L | 10 Courses | NIRF #201 |
Colleges Accepting CAT
| College | Fees | Median Salary | Total Courses | Ranking |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| SSBF Pune | ₹9.3 L - ₹12.5 L | ₹10.8 L | 3 Courses | BusinessToday #74 |
| ISBM Pune | ₹14.3 L | ₹11.4 L | 6 Courses | IndiaToday #88 |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| Balaji Institute of International Business | ₹14.4 L - ₹14.5 L | ₹8.5 L | 5 Courses | BusinessToday #115 |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| MMM's Institute of Management Education Research and Training | ₹2.2 L - ₹2.6 L | ₹3.5 L | 8 Courses | — |
Colleges Accepting ATMA
| College | Fees | Median Salary | Total Courses | Ranking |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| ISBM Pune | ₹14.3 L | ₹11.4 L | 6 Courses | IndiaToday #88 |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| IES MCRC | ₹5.5 L - ₹9.2 L | ₹7.3 L - ₹8.8 L | 9 Courses | BusinessToday #206 |
| MMM's Institute of Management Education Research and Training | ₹2.2 L - ₹2.6 L | ₹3.5 L | 8 Courses | — |
| IBSAR Navi Mumbai | ₹6.6 L | — | 16 Courses | BusinessToday #148 |
Colleges Accepting CMAT
| College | Fees | Median Salary | Total Courses | Ranking |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| ISBM Pune | ₹14.3 L | ₹11.4 L | 6 Courses | IndiaToday #88 |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| Balaji Institute of International Business | ₹14.4 L - ₹14.5 L | ₹8.5 L | 5 Courses | BusinessToday #115 |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| MIMA Institute of Management | ₹2.6 L - ₹5 L | ₹4.8 L | 3 Courses | Times #99 |
| IES MCRC | ₹5.5 L - ₹9.2 L | ₹7.3 L - ₹8.8 L | 9 Courses | BusinessToday #206 |
| MMM's Institute of Management Education Research and Training | ₹2.2 L - ₹2.6 L | ₹3.5 L | 8 Courses | — |
Course wise MBA/PGDM Colleges in India
MBA/PGDM colleges in India offer admissions across popular branches and emerging fields. JBIMS Mumbai and JDBIMS lead in core and tech branches, while private colleges like SP Jain (SPJIMR), SSBF Pune, and SIES College of Management Studies offer a wide range of specialisations.
Course-wise selection helps candidates choose colleges based on branch preference, placement trends, and career opportunities.
Master of Business Administration (MBA) Colleges in Maharashtra
| College | Fees | Median Salary | Total Courses | Ranking |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| IBSAR Navi Mumbai | ₹6.6 L | — | 16 Courses | BusinessToday #148 |
| Chhatrapati Shahu Institute of Business Education and Research | ₹1.9 L - ₹2.1 L | ₹3.5 L | 10 Courses | NIRF #201 |
| TMV | ₹1.9 L | ₹3.6 L | 45 Courses | — |
| Sanjay Ghodawat University | ₹6 L | ₹4.3 L | 55 Courses | — |
| NMIMS Mumbai | ₹3.3 L - ₹28.1 L | — | 145 Courses | — |
| Mumbai Institute of Management and Research (MIMR) | — | — | 13 Courses | — |
| Vijay Patil School of Management | ₹26 L | — | 15 Courses | — |
| Global Institute of Management Sangamner | ₹75 K | — | 9 Courses | — |
| Millennium Institute of Management | ₹1.6 L | — | 3 Courses | — |
Master of Management Studies (MMS) Colleges in Maharashtra
| College | Fees | Median Salary | Total Courses | Ranking |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| Garware Institute of Career Education and Development | ₹2 L | — | 67 Courses | — |
| Sinhgad Institute of Business Management | ₹2.7 L | — | 3 Courses | — |
| MMBGIMS | ₹5 L | — | 3 Courses | — |
| Mumbai Institute of Management and Research (MIMR) | — | — | 13 Courses | — |
| PTVA | ₹1.2 L | — | 5 Courses | — |
| JDBIMS | ₹1.7 L - ₹7.4 L | ₹3.5 L | 13 Courses | — |
bachelor-of-business-administration-bba Colleges in Maharashtra
| College | Fees | Median Salary | Total Courses | Ranking |
| Ramdeobaba University | ₹6.4 L | ₹6.9 L | 104 Courses | IndiaToday #22 |
| IBSAR Navi Mumbai | ₹6.6 L | — | 16 Courses | BusinessToday #148 |
| TMV | ₹1.9 L | ₹3.6 L | 45 Courses | — |
| Sanjay Ghodawat University | ₹6 L | ₹4.3 L | 55 Courses | — |
| NMIMS Mumbai | ₹3.3 L - ₹28.1 L | — | 145 Courses | — |
| Vijay Patil School of Management | ₹26 L | — | 15 Courses | — |
| JDBIMS | ₹1.7 L - ₹7.4 L | ₹3.5 L | 13 Courses | — |
Post Graduate Diploma in Management (PGDM) Colleges in Maharashtra
| College | Fees | Median Salary | Total Courses | Ranking |
| SP Jain (SPJIMR) | ₹5 L | — | 23 Courses | BusinessToday #3 |
| ISMS Pune | ₹5 L - ₹18 L | — | 13 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| IES MCRC | ₹5.5 L - ₹9.2 L | ₹7.3 L - ₹8.8 L | 9 Courses | BusinessToday #206 |
| Garware Institute of Career Education and Development | ₹2 L | — | 67 Courses | — |
| VSM Institute | ₹5 L | ₹8.5 L | 9 Courses | — |
Master of Financial Management Colleges in Maharashtra
| College | Fees | Median Salary | Total Courses | Ranking |
| SFIMAR | ₹1.5 L - ₹5.5 L | ₹5 L | 4 Courses | — |
| Atharva Institute of Management Studies | ₹96.1 K | ₹7 L | 5 Courses | BusinessToday #243 |
| Sinhgad Institute of Business Management | ₹2.7 L | — | 3 Courses | — |
| Institute of Management and Computer Studies | ₹1.6 L | — | 16 Courses | — |
| PTVA | ₹1.2 L | — | 5 Courses | — |
MBA/PGDM Colleges in India with Cutoff
Cutoffs play a key role in mba/pgdm admissions, as they indicate the minimum rank or score required to secure a seat in a college. Top institutes like JBIMS Mumbai and JDBIMS have highly competitive cutoffs based on exams like CAT, XAT, and NMAT, while state colleges follow CET-based cutoffs.
Analysing cutoff trends helps candidates estimate their admission chances, target colleges, and safe options during counselling.
XAT Cutoff 2024 Percentile
| College | Cutoff |
| ISBM Pune | 65–65 |
| MIMA Institute of Management | 40–40 |
CAT Cutoff 2024 Percentile
| College | Cutoff |
| ISBM Pune | 60–60 |
| MIMA Institute of Management | 25–25 |
| IES MCRC | 25–25 |
State Exam Cutoffs
| Exam | College | Cutoff | Year |
| MAH MBA CET | SFIMAR | 2806–41261 | 2025 |
| MAH MBA CET | Atharva Institute of Management Studies | 4669–41948 | 2025 |
| MAH MBA CET | MMM's Institute of Management Education Research and Training | 2361–45753 | 2025 |
| MAH MBA CET | Chhatrapati Shahu Institute of Business Education and Research | 3289–49989 | 2025 |
| MAH MBA CET | Sinhgad Institute of Business Management | 14817–49823 | 2025 |
| MAH MBA CET | MMBGIMS | 8986–50133 | 2025 |
| MAH MBA CET | Mumbai Institute of Management and Research (MIMR) | 4512–47680 | 2025 |
| MAH MBA CET | PTVA | 6954–37874 | 2025 |
| MAH MBA CET | Global Institute of Management Sangamner | 12707–50235 | 2025 |
| MAH MBA CET | JDBIMS | 4385–50185 | 2025 |
Previous Year Trends
| Year | Cutoff |
| 2024 | 40–65 |
| 2023 | 40–80 |
| 2022 | 40–80 |
Comparison of Top MBA/PGDM Colleges
Comparing top mba/pgdm colleges helps candidates evaluate options based on fees, placements, rankings, infrastructure, and ROI. Government colleges like IITs, NITs, and IIITs offer lower fees and higher ROI, while private colleges such as BITS, VIT, and SRM provide better infrastructure and higher seat availability.
A structured comparison allows candidates to shortlist colleges based on their budget, rank, preferred course, and career goals, ensuring better decision-making during admission.
Private vs Government Comparison
| Private | Government | |
| Total Colleges | 60 | 17 |
| Top Colleges | SP Jain (SPJIMR), ISMS Pune, and Balaji Institute of International Business | JBIMS Mumbai and JDBIMS |
| College distribution % | 78% | 22% |
| Top Courses | MBA/PGDM and Master of Business Administration | MBA/PGDM and Master of Business Administration |
| Fees Range | ₹40.7 K - ₹26 L | ₹63.1 K - ₹7 L |
| Highest Salary | ₹12.5 L - ₹21.6 L | ₹6.5 L - ₹87.1 L |
| Median Salary | ₹4.8 L - ₹8.8 L | ₹3.5 L - ₹26.1 L |
| Average Salary | ₹4.8 L - ₹8.8 L | ₹3.5 L - ₹26.1 L |
Top Colleges Comparison Table
| College | Type | Fees | Average Salary | Median Salary | Highest Salary | Ranking |
| JBIMS Mumbai | Government | ₹63.1 K - ₹7 L | ₹26.1 L | ₹26.1 L | ₹87.1 L | — |
| JDBIMS | Government | ₹1.7 L | ₹3.5 L | ₹3.5 L | ₹6.5 L | — |
| SP Jain (SPJIMR) | Private | ₹5 L | — | — | — | #20 NIRF 2025 |
| ISMS Pune | Private | ₹7.8 L - ₹23 L | — | — | — | — |
| Balaji Institute of International Business | Private | ₹14.5 L | ₹8.5 L | ₹8.5 L | ₹21.6 L | — |
| SFIMAR | Private | ₹1.5 L | — | — | — | — |
| NAEMD Mumbai | Private | ₹3.4 L | — | — | — | — |
| Atharva Institute of Management Studies | Private | ₹96.1 K | ₹5.5 L | ₹5.5 L | ₹12.5 L | — |
| MIMA Institute of Management | Private | ₹7.7 L | ₹4.8 L | ₹4.8 L | ₹14 L | — |
| IES MCRC | Private | ₹11.1 L | ₹8.8 L | ₹8.8 L | — | — |
Frequently Asked Questions (FAQ)
How many mba/pgdm colleges are there in Maharashtra?
There are over 88 mba/pgdm colleges in Maharashtra, including government, private, and deemed universities offering UG, PG, and doctoral programs.
Which are the top mba/pgdm colleges in Maharashtra?
Top mba/pgdm colleges in Maharashtra include JBIMS Mumbai, JDBIMS, SP Jain (SPJIMR), SSBF Pune, SIES College of Management Studies, and ISBM Pune, based on rankings, placements, and academic reputation.
What exams are required for admission to mba/pgdm colleges in Maharashtra?
Admission is mainly through exams like CAT, XAT, NMAT, GMAT, and CMAT, along with other institute-specific and state-level entrance tests depending on the course and college.
What is the average fee for mba/pgdm colleges in Maharashtra?
The fee range for mba/pgdm colleges in Maharashtra is ₹16 K - ₹30 L.
Which mba/pgdm colleges have the best placements?
Colleges with strong industry connections, high placement rates, and better salary outcomes typically include top-ranked institutes and leading private universities in Maharashtra.
Which is better: government or private mba/pgdm colleges?
Government colleges often offer lower fees and higher ROI, while private colleges may provide better infrastructure and more seat availability. The best choice depends on budget, location, and goals.
What is the admission process for mba/pgdm colleges in Maharashtra?
The process generally includes application → entrance exam → result → counselling/selection → seat allotment → admission, depending on the exam and college.
How to choose the best mba/pgdm college in Maharashtra?
Compare colleges by rankings, fees, placements, available courses, location, and the exams they accept to shortlist options that match your goals.
